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Private Equity | Healthcare

Presmed Australia has been acquired by ICG

Advanced Health Limited has sold Presmed Australia Pty Ltd (PMA) to ICG.

PMA is a private day hospital group founded in 1997. Since 2014, it is majority-owned by Advanced Health, with the rest of the company owned by the long-standing Australian management team, directors and a consortium of specialist doctors. PMA co-owns ten key operating assets, which include day hospitals and consultation clinics, in partnership with the practicing doctors in those facilities. The facilities are located in and around Sydney and the Central Coast, both within New South Wales, and Tasmania. PMA’s facilities specialize in a range of surgical disciplines such as ophthalmology, ear nose and throat, pain management and oral maxillofacial surgery, as well as other aligned surgery types.

Headquartered in London, UK, and with over 30 years’ history, ICG is a global alternative asset manager providing flexible capital solutions to help companies develop and grow. The firm manages US$68.5 billion of assets and invests across the capital structure. ICG was founded in 1989, is a FTSE250-listed company regulated by the Financial Conduct Authority, and has offices in 15 countries across Europe, Asia and the US.

Advanced Health Limited is a public company listed on the Johannesburg Stock Exchange. The majority of the shares (68%) are owned by entities associated with the owner and founder, Carl Grillenberger.

Oaklins’ team in South Africa acted as corporate and designated advisor to Advanced Health Limited in this transaction.

Parties

Talk to the deal team

Annerie Britz

Senior Associate
Johannesburg, South Africa
Oaklins Grindrod

Yaron Zimbler

Director
Johannesburg, South Africa
Oaklins Grindrod

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